赛特新材(688398) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 223,438,030.41, representing a year-on-year increase of 46.39%[4] - The net profit attributable to shareholders for the same period was CNY 28,668,808.18, reflecting a significant increase of 152.12% compared to the previous year[4] - The basic earnings per share (EPS) for Q1 2024 was CNY 0.25, which is a 150.00% increase year-on-year[4] - Total operating revenue for Q1 2024 reached ¥223,438,030.41, a 46.3% increase from ¥152,634,292.00 in Q1 2023[18] - Net profit for Q1 2024 was ¥28,668,808.18, representing a 152.1% increase compared to ¥11,370,963.76 in Q1 2023[19] - Basic earnings per share for Q1 2024 was ¥0.25, compared to ¥0.10 in Q1 2023[20] Assets and Liabilities - The total assets at the end of Q1 2024 amounted to CNY 1,980,610,471.37, up 5.24% from the end of the previous year[5] - As of March 31, 2024, the total assets of the company amounted to CNY 1,980,610,471.37, an increase from CNY 1,881,975,086.43 as of December 31, 2023, reflecting a growth of approximately 5.3%[13] - The company's total liabilities rose to CNY 816,477,394.73 from CNY 734,891,499.16, marking an increase of approximately 11.1%[15] - Long-term borrowings increased significantly to CNY 130,454,000.00 from CNY 93,654,000.00, reflecting a growth of about 39.2%[15] - The total equity remained stable at CNY 116,000,000.00, unchanged from the previous period[15] Cash Flow - The cash flow from operating activities for Q1 2024 was CNY 28,800,911.12, showing a modest increase of 5.15% year-on-year[4] - Cash flow from operating activities for Q1 2024 was ¥28,800,911.12, slightly up from ¥27,389,760.16 in Q1 2023[23] - The net increase in cash and cash equivalents for Q1 2024 was -$25.16 million, compared to an increase of $39.50 million in Q1 2023[24] - The company reported a total cash outflow from investing activities of $380.51 million in Q1 2024[24] Research and Development - Research and development (R&D) expenses totaled CNY 11,730,384.14, which is a 26.96% increase compared to the same period last year[4] - Research and development expenses for Q1 2024 were ¥11,730,384.14, an increase from ¥9,239,657.23 in Q1 2023[18] - The proportion of R&D expenses to operating revenue decreased to 5.25%, down by 0.80 percentage points compared to the previous year[4] Shareholder Information - The company reported a total of 3,823 common shareholders at the end of the reporting period[10] Other Financial Metrics - The weighted average return on equity (ROE) increased to 2.46%, up by 1.26 percentage points from the previous year[4] - The net profit excluding non-recurring gains and losses was CNY 27,488,944.75, also up by 152.10% year-on-year[4] - Total operating costs for Q1 2024 were ¥189,796,764.37, up 37.1% from ¥138,481,017.98 in Q1 2023[18] - Cash inflow from investment activities in Q1 2024 totaled ¥302,680,894.87, significantly higher than ¥20,213,033.89 in Q1 2023[23] - Sales expenses for Q1 2024 amounted to ¥12,650,480.42, compared to ¥10,336,891.67 in Q1 2023[18] - Management expenses for Q1 2024 were ¥12,289,919.26, up from ¥9,712,556.00 in Q1 2023[18] Changes in Cash and Cash Equivalents - The cash and cash equivalents decreased to CNY 178,466,584.51 from CNY 217,708,612.25, representing a decline of approximately 18%[13] - The cash and cash equivalents at the end of Q1 2024 amounted to $167.92 million, down from $224.39 million at the end of Q1 2023[24] - The cash paid for dividends and interest in Q1 2024 was $0.59 million, compared to $0.15 million in Q1 2023[24] Accounting Standards - The company has adopted new accounting standards starting in 2024, which may affect the financial statements[24]